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Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in the European auto industry. The company said it would support its employees, including with job offers in other companies or within the group, or early retirement.
Norway speeds ahead of EU in race for fossil-free roads
On the quiet streets of an Oslo suburb, electric vehicles are parked in nearly every other driveway as Norway speeds towards its goal of becoming the first country free of fossil fuel-powered cars. - A-ha takes on EVs - Electric cars have also long benefited from other special privileges, like exemptions from city tolls and free parking in public car parks.
Nintendo lowers sales forecast as first-half profits plunge
Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console. In the April-September period, Nintendo logged net profit of 108.7 billion yen ($710 million), down 60 percent from the same period a year earlier.
Greenland seeks to capitalise on 'last-chance tourism'
A frozen landscape with breathtaking views, Greenland wants to attract more tourists, but its remote location and fragile environment -- which make it a unique destination -- also pose challenges. Developing tourism in a fragile environment is a tricky balancing act.
Saudi Aramco says quarterly profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. But its profits dropped by a quarter last year because of lower oil prices and production cuts.
Greenland eyes tourism takeoff with new airport runway
A new runway at Greenland's Nuuk airport that can accommodate international flights is expected to lift the tourism sector, at the risk of inundating the Arctic island's infrastructure and fragile ecosystem.
Boeing union says approves contract, ending over 7-week strike
Striking workers at Boeing approved a new contract proposal on Monday, ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.
China's premier 'fully confident' of hitting growth targets
Chinese Premier Li Qiang said Tuesday he was "fully confident" the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more. On Tuesday Li suggested that officials still had room to manouevre when it came to further measures.
Asian markets swing ahead of toss-up US election
Asian markets fluctuated Tuesday as traders jockeyed for position a day before results from the US presidential election rolled in, with opinion polls showing the vote on a knife-edge as the two candidates wrapped up their campaigns.
AFP
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